Commercial investment producing £15,000pa

Ground floor shop premises currently let producing an income of £15,000pa This ground floor retail premises is currently let producing an income of £15,000pa and is let to No. 5 Hairdressers on a 10 year lease commencing December 2011. There is a review date scheduled for 16th March 2016. The parade lies at the heart of the busy and expanding market town of Wymondham which lies close to the A11 Norwich to London Road and approximately eleven miles south-west of Norwich.

Tenure

Leasehold. Remainder of a 999 year lease

The Shop

The shop has an overall retail and storage space of 1,200sq/ft (stms).

Lease details

The current lease commenced on the 27th February 2012 for a period of ten years, the commencing rent being £15,000pa. A copy of the lease is available for inspection at the Auctioneers office or will form part of the legal pack which is available as a free download via our website, www.auctionhouse.uk.net/eastanglia

VAT

VAT is applicable to this lot.

Viewing

Please call the Auctioneers - 01603 505100

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

South Norfolk Council. Tel: 01508 533633

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mr N Norton, Tel: (01603) 864331

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.